Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Hits New 52-Week High – Time to Buy?

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.85 and last traded at $40.85, with a volume of 2134 shares traded. The stock had previously closed at $40.72.

Franklin U.S. Low Volatility High Dividend Index ETF Price Performance

The firm’s fifty day moving average is $39.87 and its 200 day moving average is $37.58. The firm has a market capitalization of $597.79 million, a price-to-earnings ratio of 16.41 and a beta of 0.76.

Franklin U.S. Low Volatility High Dividend Index ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.377 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Thursday, August 8th.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

An institutional investor recently bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Lynx Investment Advisory bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,680 shares of the company’s stock, valued at approximately $96,000.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility.